Individually Rational

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
IR
Pronunciation
/ˌɪndɪˈvɪʤəli ˈræʃənəl/
Category
Miscellaneous
Related Field
Unclassified

Examples in Context

  1. But what is individually rational for any prudent bank, collectively risks bringing closer the danger each is trying to avoid.
  2. Mechanism design theory has demonstrated that in general, no efficient, incentive-compatible, interim individually rational, and budget-balanced mechanism exists.

Other meanings of IR